Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $17,430 at the beginning of 2024 and a $22,710 credit balance at the end of 2024 (after adjusting entries). If the direct write-off method had been used to account for uncollectible accounts (bad debt expense equals actual write-offs), the income statement for 2024 would have included bad debt expense of $17,400 and revenue of $2,500 from the collection of previously written off bad debts. Required: Determine bad debt expense for 2024 according to the allowance method.
Answers
The value of bad debt expense, directly calculate the actual write-offs or the bad debt expense for 2024 according to the allowance method.
To determine the bad debt expense for 2024 according to the allowance method, we can use the following formula:
Bad Debt Expense = Ending Allowance for Uncollectible Accounts - Beginning Allowance for Uncollectible Accounts + Recoveries of Previously Written-off Bad Debts - Actual Write-offs
Beginning Allowance for Uncollectible Accounts = $17,430 (credit)
Ending Allowance for Uncollectible Accounts = $22,710 (credit)
Recoveries of Previously Written-off Bad Debts = $2,500 (revenue from collection)
Using the formula, we can calculate the bad debt expense:
Bad Debt Expense = $22,710 - $17,430 + $2,500 - Actual Write-offs
To find the value of actual write-offs, we need to rearrange the formula:
Actual Write-offs = $22,710 - $17,430 + $2,500 - Bad Debt Expense
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Related Questions
Differentiate between electricity geyser and gas geyser
Answers
But I’ll just say the difference between electrical and gas
They are very unique since gas is made out of air it is ineffective
While elictricty does the real difference about them is electricity can have effect on this world and life on it
And the side effect is the gas from it’s like pollution so yah that’s it
Susie joined a renowned hospital in Country X in March 2017 as an Operations Executive after she graduated from University with a Bachelor of Business Administration degree. At her annual appraisal in March 2018, she was promoted to Operations Manager as she had performed well. As Management was keen to groom her to take up more responsibilities and higher positions in the hospital as part of its employee development plan, they offered Susie the opportunity to pursue a Masters in Business Administration (MBA) Degree on a part-time basis under the company's sponsorship. In return, Susie had to sign a bond to work in the hospital for at least eight years from the start of the sponsorship. As Susie liked her job and management had been fair to her thus far, she accepted the offer and signed the bond. Susie started her two-year part time MBA programme in March 2018, and she successfully completed it in February 2020. After she completed her master's degree, Susie was made the Acting Operations Director. Even though Susie assumed greater responsibility, she was not compensated. Management told Susie that they were assessing her suitability for the position. Susie went along with Management's plan, and at her annual appraisal in March 2021, she asked when she would be made the Operations Director, and if management would be reviewing her compensation (salary and benefits) as she was sure that she had performed well as the Acting Operations Director for the past one year. Susie's supervisor acknowledged that she had indeed performed well, but the hospital was busy with Covid-19 and all promotion exercises and salary reviews were on-hold. He told her that she would be considered for promotion with the appropriate salary and benefits when things were less hectic at the hospital. He added that the hospital hoped that Covid-19 would pass quickly so that daily operations at the hospital could go back to normal. Management felt that all staff were committed to the hospital's mission to provide the best possible healthcare to all its patients and would understand management's decision to put promotion exercises and salary reviews on-hold as the hospital battles the Covid-19 pandemic. Susie accepted her supervisor's explanation as she found it reasonable at that point in time. A year has since passed and there is still no news of her promotion or review of her pay and benefits package. Susie decided to raise the issue again at the March 2022 appraisal meeting, and she got the same reply from her supervisor. This time around, Susie was not too inclined to go along with her supervisor's explanation. She had worked hard as Acting Operations Director for two years, and she did not want to go on waiting indefinitely for her promotion or salary and benefits review. She asked her supervisor for a time frame for the review, but he was unable to commit. Final Exams, SP51 2022 BX3051 Employment Relations Susie reflected on what had been going on at the hospital for the past two years, not only for her but for other staff as well, especially the nurses. The nurses were working extra hard and long hours because of the Covid-19 pandemic, but they were not compensated with overtime pay for the extra hours. They were stressed and burned- out but were still being pressured to work long hours with very little rest in-between. Susie felt that this was unfair, and management needed to address the issues soon and not wait until the end of the Covid-19 pandemic. While the nurses are collectively represented by the nurses' union, Susie is not a member of any union. Resigning is not an option for her as she had signed a bond with the hospital and breaking the bond would incur high financial penalties. Yet, Susie feels that she should not sit and wait for management to do things. Susie did her research on the minimum standards employers are expected to provide, and the hospital has clearly breached the number of working hours, the rest days and overtime pay requirements for its nurses. While nothing has been said in the country's laws about compensation for salary, benefits and promotion, Susie still feels that the hospital should do something about this to keep its staff motivated and loyal. Susie thought to herself: How should I fight for the nurses and my rights? 5. Do you think pure interest-based bargaining would work in this scenario? Justify your choice with TWO reasons.
Answers
Susie should fight for the nurses and her rights by using interest-based bargaining which would work in this scenario.
Let's talk about whether pure interest-based bargaining is appropriate in the circumstances described, as the question suggests:
Interest-based Bargaining
Integrative or win-win negotiating are other names for interest-based negotiation. It is a tactic for negotiations. In this tactic, parties to problems or disputes work together to come up with a win-win solution. This tactic produces agreements that are advantageous to all parties involved based on their respective interests. The demands, wants, worries, and anxieties of each party to the conflict are examples of interests. Interests of each party are merged in interest-based negotiation in order to produce a common value. Interest-based bargaining may only be used when there are several issues up for discussion.
Similar to that, there are numerous problems in the case given:
Susie has not recently received an increase in her pay. During the Covid-19 outbreak, nurses are not being compensated for overtime work. Susie isn't obtaining the promotion she wants. The hospital is having trouble paying Susie and other nurses more money and working extra because of the Covid-19 outbreak. Therefore, in the provided case, interest-based bargaining may be used as a result of the presence of several issues. Susie realises how crucial it is to find a win-win scenario for the reasons listed below:
Susie signed a bond with the hospital, thus she is unable to quit her employment.
Susie might face severe financial consequences if she violates the bond.
Susie is not a part of the union representing nurses.
The nation's laws contain no particular provisions governing payment, pay, or promotion.
Susie is unable to seek legal assistance to settle the dispute as a result.
Positional bargaining is significantly inferior to interest-based bargaining.
Positional bargaining, which is predicated on set, diametrically opposed points of view, frequently leads to compromise or no resolution.
Susie and the other nurses won't want to accept any sort of concession or an impasse in the negotiations.
As a result, they will favour interest-based bargaining to get the desired outcomes.
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Question 1 (10 points) 1. Create one well-stated customer related goal that would be relevant for Chatters Hair Salon. (doublecheck: Is it SMART?) 2. You are an advisor to the manager responsible for meeting this goal and they need a recommendation on how to keep track of the progress toward the goal. Provide advice that is relevant to this goal and this company.
Answers
1. The goal is relevant for the salon and is SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
SMART evaluation:
Specific: The goal specifies increasing customer satisfaction through improving the overall salon experience, focusing on the customer's perception and satisfaction.
Measurable: Customer satisfaction can be measured through surveys, feedback forms, ratings, and reviews, allowing the salon to track improvements.
Achievable: Improving the salon experience is achievable by implementing customer-centric strategies, training staff, enhancing facilities, and optimizing service processes.
Relevant: Customer satisfaction is a key factor in the success of any service-oriented business, making it highly relevant to Chatters Hair Salon.
Time-bound: The goal does not specify a specific time frame, so it would be beneficial to set a deadline or target, such as increasing customer satisfaction by a certain percentage within six months or a year.
2. Recommendation: Implement customer feedback collection, monitor KPIs, provide staff training, and initiate improvement initiatives to track progress toward the goal.
Regularly collect customer feedback: Use customer surveys, feedback forms, and online reviews to gather insights into customer satisfaction levels and identify areas for improvement.
Monitor and analyze feedback: Assign a staff member or team responsible for collecting, analyzing, and reporting customer feedback to identify trends, common issues, and areas of excellence.
Set key performance indicators (KPIs): Establish measurable KPIs related to customer satisfaction, such as customer ratings, repeat business percentage, or positive online reviews, and track these metrics regularly.
Conduct regular staff training: Provide ongoing training sessions for salon employees to enhance their skills, knowledge, and customer service abilities.
Implement improvement initiatives: Based on customer feedback and analysis, develop action plans to address any identified areas for improvement and track the progress of these initiatives over time.
By following these recommendations, Chatters Hair Salon can effectively track progress toward their customer satisfaction goal and make data-driven decisions to continually enhance the salon experience for their customers.
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a(n) is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
Answers
An accord is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
An accord is an agreement to accept anything of value in exchange for waiving one's right to sue the other. It is a contract between two parties that resolves a contractual disagreement by completing an initial obligation and offering an alternative form of performance. Treaty is often interchanged with the word accord. This is frequently an agreement to remove criminal charges provided another requirement is met.
With an accord, the wronged party is given back property that was wrongfully taken from them in exchange for their pledge not to file a lawsuit. Both parties must be aware of the contract's terms and it must be specific. An agreement also exists when one party accepts a substitute obligation for the original responsibility set forth in the contract. The contract is deemed executory if all of its terms have been met.
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Business 2: After apprenticing for another candy maker, I started my first candy business at age 18.
Unfortunately, my first attempt at starting a business (as well as my second) was a failure. After a rocky start,
my third try was more successful - I have just received a fortune from the sale of my caramel business. During
my world travels, I discovered new equipment that makes chocolate and decided to buy it. Today, only the
wealthy can afford chocolate. With this new technology, I think I can make a chocolate that everyone can
afford. In my mid-thirties, I know very little about making chocolate but I am willing to take the time to learn. I
want my life to center on inventing new candies, building this new business, and laying out a new community
that will be a wonderful place for the people I hire to live. I prefer to leave day-to-day operations of the
company–handling production, sales, marketing and distribution—to someone else
Answers
Answer:
The question is incomplete since the requirements are missing, so I looked for similar questions and found that you should advice this client either to form a sole proprietorship, partnership or corporation.
Since this client wants to focus solely on inventing new candies, he would be better off by forming a corporation. That way, he and other stockholders can elect a board of directors which will appoint an appropriate upper management team to run the business.
The other two types of businesses, sole proprietorships and partnerships require that the owners actively participate in managing the business, and that is something that the client wants to avoid. This happens because sole proprietors and partners are personally liable for all the business obligations. On the other hand, corporations are managed by a professional team.
There are things that will disqualify a person from police service. Drug use beyond "experimentation" will likely disqualify a person. Which best describes "experimentation" by hiring standards?
Using heroin once after the age of 21.
Using marijuana less than 10 times as a teenager.
Using marijuana on weekends after age 21.
Using another person's prescription drugs for recreation.
Answers
Answer: Using heroin once after the age of 21
Explanation:
I did a quick look up and I belive this is the answer. Hope it helps
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What is the yield-to-maturity of a 3-year bond with a coupon rate of 7% and face value of $100 ? Assume the bond is currently trading at a price of $100, and that couponis are paid semi-annually, Assume semi-annual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.
Answers
The yield to maturity of a 3-year bond with a coupon rate of 7% and a face value of $100 is 0.0711= 7.11%.
First, we need to find the present value of the bond, which is the sum of the present value of each coupon payment and the present value of the face value.
PV = (C/2) / (1+r/2) + (C/2) / (1+r/2)^2 + (C/2) / (1+r/2)^3 + ... + (C/2) / (1+r/2)^(2n-2) + (F) / (1+r/2)^(2n)
We are given that the coupon rate is 7% and face value is $100.
This means that the coupon payment is $3.50 (7% of $100) per year or $1.75 per half-year.
We are also given that the bond is currently trading at a price of $100.Using the formula above, we can plug in the values and solve for r:
100 = (1.75)/(1+r/2) + (1.75)/(1+r/2)^2 + (1.75)/(1+r/2)^3 + (1.75)/(1+r/2)^4 + (1.75)/(1+r/2)^5 + 100/(1+r/2)^6
Simplifying this equation using algebra, we get:
8.75 = (1.75)/(1+r/2) * (1 - (1/(1+r/2)^6)) + 100/(1+r/2)^6
We can then solve for r using a financial calculator or trial and error method.
The solution is r = 0.0711 rounded to 4 decimal places.
Therefore, the yield to maturity of the bond is 7.11%.
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one of the functions of universal product codes (upcs) is to:
Answers
Universal Product Codes (UPCs) are a series of black and white bars that can be scanned by a barcode reader to identify a specific product. One of the functions of UPCs is to provide a unique identification number for each product. This helps to reduce errors and improve the efficiency of inventory management and tracking.
When a UPC is scanned, the system can automatically retrieve important information about the product, such as its name, price, and inventory level. This information can then be used to update records, reorder products, and track sales. In addition, UPCs can also be used to improve customer service by allowing employees to quickly and accurately locate products for customers.
Another function of UPCs is to provide valuable data for manufacturers and retailers. By tracking sales of specific products, companies can gain insights into consumer behavior and preferences. This information can be used to adjust product offerings, pricing strategies, and marketing campaigns to better meet the needs of their customers.
In conclusion, the function of Universal Product Codes (UPCs) goes beyond just identifying a product. They help to streamline inventory management, improve customer service, and provide valuable data to manufacturers and retailers.
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perfectly competitive market is considered to be efficient in the lr because, among others, _____
Answers
Perfectly competitive markets are considered to be efficient in the long run because of several reasons, including:
Competition drives prices to the lowest possible level: In a perfectly competitive market, there are many buyers and sellers, and no one can influence the market price. This means that prices will be driven down to their lowest possible level, based on the supply and demand of the market.
Economic profits are driven to zero: In the long run, as firms are free to enter or exit the market, firms that are earning positive economic profits will attract new entrants, driving down the market price until all firms earn zero economic profit. This means that resources are allocated efficiently and that there is no waste of resources.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answers
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.
If Company A has a shareholders' deficit, which of the following can it do to improve its debt-to-equity ratio?
O increase its advertising budget to draw in more customers
O borrow money from the bank to buy new equipment
o invest in new facilities to draw in more customers
O sell off part of its inventory and/or equipment
Answers
Answer:
sell off part of its inventory and or equipment
Explanation:
Debt/Equity=
Total Shareholders’ Equity /
Total Liabilities
The research and development team will gather important information by first using ________ data.
1. syndicated
2. focus group
3. new
4. secondary
5. primary
Answers
The research and development team will gather important information by first using secondary data. The research and development team will initially use secondary data to acquire crucial information.
The term "secondary data" refers to information that already exists and has been gathered by another party or from a separate source, such as published reports, official statistics, or internet databases. It may serve as a jumping off point for research and development teams to have a better understanding of the market, business trends, customer behaviour, and rivals. When compared to gathering primary data through surveys, interviews, or tests, using secondary data is frequently more time and money efficient. Once the secondary data has been reviewed, the team may utilise it to guide the design of their primary data collecting techniques, including focus groups or surveys.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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the goal of __________ is to thoroughly understand the best practices of other firms and to undertake actions to achieve better performance and lower costs.
Answers
The goal of benchmarking is to thoroughly understand the best practices of other firms and to undertake actions to achieve better performance and lower costs.
Benchmarking is a continuous improvement process that involves comparing an organization's products, services, or processes with those of industry leaders or top performers. This comparison enables companies to identify gaps, adopt best practices, and learn from others' successes and failures.
By implementing these improvements, organizations can enhance their competitive advantage, streamline operations, and ultimately, drive increased profitability and growth. It is essential to monitor the progress of benchmarking initiatives to ensure continuous learning and development.
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All the following statements are true about leadership EXCEPT Question 7 options: a) Leading in a multinational company is an even greater challenge than in a domestic one. b) Excellent leaders motivate their employees to achieve more than minimal organizational requirements. c) Leadership is influencing group members to achieve organizational goals. d) Companies can achieve success with or without good leaders.
Answers
Answer:
C
Explanation:
B
The last two answers for number 6 is “Firefighting” and “Public Safety Inspection”
Answers
Answer:
9. Carbon paper
37. Window envelope
6. teaching
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
ECONOMISTS BELIEVE THAT PEOPLE RESPOND IN A PREDICTABLE WAY TO CHANGES IN COSTS AND BENEFITS. THIS IS KNOWN AS _____
Answers
Economists believe that people respond in a predictable way to changes in costs and benefits. This is known as the rational choice theory.
The rational choice theory is based on the assumption that individuals make choices that are aimed at maximizing their benefits and minimizing their costs.
It posits that individuals are rational and can effectively make decisions that lead to the best outcome.Economists believe that the rational choice theory holds true for many decisions that individuals make, whether it is in regards to spending money or choosing a career path.
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in the framework of monopolistic competition, the way advertising works can be perceived as
Answers
In the framework of monopolistic competition, advertising works as a tool to differentiate products and create brand loyalty among consumers.
Monopolistic competition refers to a market structure where there are many firms selling differentiated products. In such a market, advertising plays a crucial role in helping firms differentiate their products from those of their competitors. By creating unique brand identities and associations, firms can capture a loyal customer base, which can lead to increased sales and profits.
Moreover, advertising can also be used to inform consumers about the unique features and benefits of a product, which can help the firm to charge a higher price than its competitors. This is because consumers perceive the product to be of higher quality or value than other similar products in the market.
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What is the difference between mass marketing and marketing segmentation?
A.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
B.
Mass marketing divides a target market into several subsets to market and advertise products, wherein marketing segmentation advertisers create one ad that will simultaneously please all members of their target market.
C.
Market segmentation divides a target market into at least 10 subsets to market and advertise products, wherein mass marketing advertisers create a few ads that will simultaneously please all members of their target market.
D.
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will only please some of the members of their target market.
Answers
Market segmentation divides a target market into several subsets to market and advertise products, wherein mass marketing advertisers create one ad that will simultaneously please all members of their target market.
What is mass marketing and market segmentation?Mass marketing is when a firm does not segment their customer base in groups based on shared characteristics but instead markets their goods to all their target audience.
An advantage of mass marketing is that is a cheaper method of advertisement.
Segmentation is the division of people into certain groups based on shared characteristics. Customers can be segmented based on age, benefit received and geography.
An advantage of segmentation is the the company are better able to reach their customers through targeted ads.
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how much can business intelligence and business analytics help companies refine their business strategy? explain your answer.
Answers
Pepper Construction's "team" mission helps to keep the company on track toward better safety by ensuring that safety is embedded in every phase of the construction process and that all employees are committed to safety.
The goal of the team mission is to create a safety culture in which every employee feels responsible for their own safety and that of their colleagues.Each phase of the construction process is carefully planned and executed to ensure that safety is embedded in every aspect of the project. Pepper Construction's safety professionals work with the project team to develop a customized safety plan for each project.They also conduct regular safety audits to identify areas for improvement and ensure that safety procedures are being followed.How does the Pepper Construction's "team" mission help keep the company on track toward better safety?Pepper Construction's "team" mission helps keep the company on track toward better safety by ensuring that safety is an integral part of every project. It creates a safety culture in which every employee feels responsible for their own safety and that of their colleagues. The team mission focuses on planning, execution, and monitoring of safety procedures at every phase of the construction process
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Which of the following is correct?a. There is consensus among economists that unions are good for the economy.b. There is consensus among economists that unions are bad for the economy.c. There is consensus among economists that, on net, unions have almost no impact on macroeconomic variables.d. There is no consensus among economists about whether unions are good or bad for the economy.
Answers
Answer:
The correct answer is the option D: There is no consensus among economists about whether unions are good or bad for the economy.
Explanation:
To begin with, the unions are the gruop of workers that join themself to an unique society in where the most important objective for them is to achieve better salaries and job conditions for their members. Moreover, the unions are the most important factor of power for the workers due to the fact that they have a strong market power because of the huge amount of individuals that they manage. So therefore that there is no consensus among economists about whether unions are good or bad for the economy because the in principle the unions should help the workers to have better job conditions and salaries but sometimes in reality the unions tend to sofocate the companies and make the production to delete and struggle.
Wealth is the total value of what a person owns, minus any debt the individual has. In the united states, the wealth gap has reached new heights and is still increasing. Identify the causes for the widening wealth gap in the united states.
Answers
The causes for the widening wealth gap in the United States are:
-inheritance as a generational transference of wealth
-shifts in the U.S. tax code
-Increase in debt
In the field of business and law, the wealth gap can be described as the difference that arises in the cumulative assets among people belonging to different races. People who are upper class have a more wealthier lifestyle than those who belong to a lower class.
One of the reasons of the widening wealth gap in the Unites States is inheritance. As a result of inheritance, the wealth of the upper class is transferred to their children after their death and hence the rich remains richer and the poor remains poorer.
The shifting in the U.S tax code has caused many taxes to be imposed on people. These tax codes are easier for the wealthier class to pay but the poor class suffer a damage due to it.
Another cause of the widening wealth gap is the increase in debt. Due to the increase in debt, poor people have a constant burden.
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why might lucy choose to attend a four-year university rather than a technical school? financial literacy final exam
Answers
There are more possibilities and more opportunities to make money.
Earning potential frequently refers to the highest compensation possible in a given industry or career. The meaning is essentially the same in the world of money. Earning potential is the amount of money a person could make in comparison to the alternative.
Potential income can be defined as the amount you could make based on your employment, experience, work history, qualifications (including relevant certifications), earning prospects (like the current job market), location (where you live), and even where you invest current funds. In other words, your income today need not predict your income in the future.
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What kinda of block can result from poor language skills
Answers
Answer:
Lack of communication can cause minunderstanding and confusion with both parties
Explanation:
"
A stock has an expected return of 13 percent, its beta is 1.25,
and the expected return on the market is 11 percent. What must the
risk-free rate be?
a) 2.85%
b) 3.00%
c)-0.75%
d)3.12%
e)3.15%
Answers
Using the Capital Asset Pricing Model (CAPM), we can calculate the expected return of a stock which is option b) 3.00%.
By taking the risk-free rate plus the product of the stock's beta and the market risk premium (the difference between the expected return on the market and the risk-free rate). Mathematically, it looks like this:
Expected Return = Risk-Free Rate + Beta * (Expected Market Return - Risk-Free Rate)
We have the following information:
Expected Return = 13%
Beta = 1.25
Expected Market Return = 11%
Now, let's plug in the values and solve for the risk-free rate:
13% = Risk-Free Rate + 1.25 * (11% - Risk-Free Rate)
Step 1: Distribute 1.25
13% = Risk-Free Rate + 1.25 * 11% - 1.25 * Risk-Free Rate
Step 2: Simplify the equation
13% = Risk-Free Rate + 13.75% - 1.25 * Risk-Free Rate
Step 3: Combine the risk-free rate terms
1.25 * Risk-Free Rate + Risk-Free Rate = 13.75% - 13%
Step 4: Simplify the equation
2.25 * Risk-Free Rate = 0.75%
Step 5: Divide by 2.25 to solve for the risk-free rate
Risk-Free Rate = 0.75% / 2.25
Risk-Free Rate ≈ 0.3333 or 3.33%
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cash dividends of $32,100 were paid during the year. retained earnings as of september 1, 20y5, were $228,000.
Answers
The balance sheet of A-One Travel Service as of August 31, 2016, includes cash of $235,470, accounts receivable of $56,190, supplies of $9,630, and land valued at $257,000.
Based on the provided information, here is the balance sheet for A-One Travel Service as of August 31, 2016:
A-One Travel Service
Balance Sheet
August 31, 2016
Assets:
Cash: $235,470
Accounts Receivable: $56,190
Supplies: $9,630
Land: $257,000
Total Assets: $558,290
Liabilities and Stockholders' Equity:
Accounts Payable: $20,065
Common Stock: $135,000
Retained Earnings: $217,000
Total Liabilities and Stockholders' Equity: $372,065
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--The given question is incomplete, the complete question is given below " Balance sheet
The account balances of A-One Travel Service for the year ended August 31, 2016, follow
Fees earned
$802,690
Office expense
184,620
Miscellaneous expense
16,055
Wages expense
385,290
Accounts payable
20,065
Accounts receivable
56,190
Cash
235,470
Common stock
135,000
Land
257,000
Supplies
9.630
Cash dividends of $30,500 were paid during the year. Retained earning as of September 1, 20Y5 were $217,000.
Prepare a balance sheet as of August 31,20Y6. When entering assets, enter them in order of fiquidity"--
What weakness in the articles prevented congress from financing its activities?
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The Articles of Confederation had several weaknesses that prevented Congress from financing its activities. One of the main weaknesses was that Congress had no power to impose taxes or duties on the states, so it had no way to collect revenue.
Another weakness was that Congress could not regulate commerce between the states, so there was no way to raise money through trade. Finally, Congress could not regulate the value of money, so it had no control over the currency. These weaknesses in the Articles of Confederation made it difficult for Congress to finance its activities, as it had no real way of generating funds.
As a result, Congress was unable to finance its military operations and had to rely on the states for the funds. This lack of financial power ultimately led to the downfall of the Articles of Confederation and the creation of the Constitution.
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